|Res & Com Prop %||74.1||66.7||76.0||76.0|
|Industrial Prop %||20.8||27.8||21.0||24.0|
|Industrial Land %||5.1||5.5||3.0||0.0|
|Prop dev cost||523.5||443.8||362.4||400.0||360.5|
|Net Cash Flow||53.4||180.8||176.1||8.1|
|D/E Ratio||Net cash||Net cash||Net Cash||Net cash||Net Cash|
The proposed Senawang-KLIA expressway will pass beside BSS as well.
Even though BSS has over 5,000 acres of land, actually quite a big portion of it are for STV (934 acres), TUDM (750 acres) and also for agricultural use (1,241 acres). Its actual size for residential & commercial development is 1,942 acres.
The initial plan of TUDM Academia & Training City includes a 18-hole golf course, university, training centre & residential units for TUDM personnel.
For the agriculture land, I'm not sure whether it has been or will be converted to residential, commercial or industrial use. I think this will happen sooner or later.
Anyway, in Negeri Sembilan and KL, Matrix still have 1,779 acres of land with GDV of RM6.6 billion for its future projects starting from year 2015 to 2022.
Personally I am still comfortable to hold Matrix's shares even though property market is slowing down. This is because Matrix pays good dividend and mainly builds landed properties, which should be more resilient in a difficult market.
Besides, the freehold Bandar Sri Sendayan, supported by Sendayan TechValley, has a massive potential to become a very successful township.